Bøger af Hope Bradley

Mathematical finance refers to a branch of applied mathematics that deals with mathematical modeling of financial markets and problems. It is an emerging field that aims to apply mathematical formulas and modeling for creating financial resource values and pricing structures. The disciplines of financial engineering and computational finance are heavily interlinked with mathematical finance. Mathematical economics is the use of mathematical techniques for representing theories and examining issues related to economics. It employs mathematical principles and instruments for developing economic ideas and examines economic quandaries. Mathematics enables the formulation of meaningful, testable hypotheses about broad and complex topics that would be difficult to express informally. Furthermore, it enables the formation of positive and particular claims associated with debatable topics that are otherwise unattainable without the use of mathematics. This book aims to shed light on the applications of mathematical methods for finance and economics. It is a resource guide for experts as well as students.

Financial mathematics refers to the application of mathematical methods and models to financial concerns. It uses techniques from statistics, economic theory, probability, and stochastic processes. The application of mathematics to the financial sector is based on several financial or economic hypotheses. It employs abstract mathematical methods in order to build mathematical models of the functioning of financial mechanisms. Mathematics is also used in economics for building economic models that utilize mathematical methods and principles for analyzing economic problems. In economics, mathematics is used to conduct quantitative experiments and develop models for forecasting future economic growth. Mathematical economics is based on modern data methods, computing models, and other advanced mathematical applications. This book unravels the recent studies in the field of mathematical finance and mathematical economics. Most of the topics introduced herein cover new methods and modeling techniques used in mathematical finance and mathematical economics. The book will serve as a valuable source of reference for graduate and postgraduate students.